The Strategist
Companies & CEOs

Chinese billionaire buys Daimler - 02/27/2018

Li Shufu, a billionaire from the Chinese city of Hangzhou bought almost a tenth of Mercedes company. This news excites now not only the German automaker Daimler, who has got a new strategic investor, who concentrated in his hands the largest stake in the concern. The multi-billion investment of the founder of the Chinese company Geely and the owner of the Swedish Volvo can change the alignment of...

Weinstein Co. to file for bankruptcy - 02/26/2018

The producer company Weinstein Co. is going to file a bankruptcy petition. The company is trying to save its assets from the financial problems that arose when dozens of actresses accused co-founder Harvey Weinstein of sexual harassment, Bloomberg writes. The Board of Directors failed to sell the film studio to a group of investors led by Maria Contreras-Sweet, who ran the US Department of Small...

The ECB shuts off the problematic Latvian bank ABLV - 02/26/2018

On Saturday, the European Central Bank (ECB) said that ABLV, the third-largest bank in Latvia, which recently found itself at the center of the scandal after the US Treasury accused it of laundering money, is problematic. The ECB will not conduct the financial rehabilitation procedure for ABLV, because it is not systemically significant, so the bank will simply be liquidated. On Saturday, the...

KFC decides to save money and finds itself on the verge of collapse - 02/23/2018

Fast food restaurants chain KFC faced a real crisis, which forced the management to close a huge number of restaurants in the UK. The problems started with a new logistics company: after the computer malfunction the chickens were left to rot in the warehouse, and the restaurants were empty. The unexpected closure caused a violent reaction from visitors - customers reached the police, demanding to...

HSBC increased profit by more than 140% in 2017 - 02/20/2018

The largest by market capitalization bank in Europe recorded pre-tax profits of $ 17.17 billion in 2017 compared to $ 7.1 billion a year earlier. 17 analysts polled by Thomson Reuters, on average, forecast a profit of $ 19.7 billion. These estimates did not take into account the write-off of $ 1.3 billion in 2017, caused by the tax reform in the United States. The lender said it plans to raise...

Airbus promises profit growth and record deliveries - 02/15/2018

Airbus SE has promised a profit growth of 20% this year, provided that the company will be able to smooth production problems in the two key aviation programs. The company's shares have shown the maximum growth since 2012, reports Bloomberg. The European Aircraft Corporation completed in 2017 with a record volume of unfulfilled orders and delivered more aircraft than ever before. The company's...

Comcast is aiming at Fox… once again - 02/12/2018

Comcast Corp. returned to t consideration of the purchase of part of the 21st Century Fox assets. Earlier, the cable operator left the negotiations after Fox rejected its offer of $ 60 billion. After that, Rupert Murdoch's corporation agreed to sell its assets to Walt Disney, while the amount of the deal could be 15% less than the one offered by Comcast. According to sources, the choice of a...

Twitter ends the quarter in the black - 02/09/2018

Twitter Inc. on Thursday reported on quarterly net profit for the first time ever. At that, the company's results exceeded Wall Street forecasts amid rising sales of video advertising, while the fight against fake accounts led to the fact that the number of users of the social network did not meet expectations, reports Reuters. The company reported in October that it could for the first time make...

Wonderbox: how to be blessed with success - 02/08/2018

Twenty years ago, the market barely existed. Today, it carries major operators which count employees by the hundreds and income by the hundreds of millions, with Wonderbox at the top. Because the market was created ex-nihilo (the first operators did not respond to a demand, but created it themselves), it became an excellent case study for early market development. How did a non-existing market give birth to a European leader worth nearly 200 million euros in sales in just a few years?

Worst week ever for the richest people on Earth - 02/07/2018

A few days ago, Donald Trump boasted of success in the economy and finance. Yet, the collapse of the stock indices put him in an embarrassing situation, Bloomberg notes. Super-rich, who lost billions of dollars in one day, were harmed, too. The turbulent events in the US stock market broke the longest growth in its history and dealt a severe blow to members of all lists of America's richest...
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